About: Genesis1 is the Bitcoin ATM produced by San Diego, CA, US based company Genesis Coin Inc.The Genesis Bitcoin machine represents a solid ATM with all AML/KYC features required.By request an optional finger print scanner could be added.SMS verification function, identification card reader, and a high-definition camera could be used in order to comply with regulations in place.This is a two-way Bitcoin ATM, so both fiat money to Bitcoin, and Bitcoin to cash transactions could be done.Interesting is the fact that this ATM supports three cryptocurrencies: Bitcoin, Litecoin and Dogecoin, which is opposite to only Bitcoin normally with other ATMs.The bill capacity for this Bitcoin machine is:2,200 note International Bill Acceptor1,700 to 6,800 note Bank-grade Cash Dispensing SystemCompany provides a policy of white-labeling and allows flexible branding of the machines run by operators.One Genesis1 Bitcoin ATM was donated by the company to Botswana Bitcoin community leaded by Alakanani Itireleng.In the end of July 2014 through its twitter channel the company announced its one-way Bitcoin ATM called Satoshi1.

Price: $14,500 for Genesis1 Bitcoin machine (2-way)$6,800 for Satoshi1 Bitcoin machine (1-way)$8,900 for Satoshi2 Bitcoin machine (2-way)1% ongoing fee from the transaction volume for software usage.BitOcean Technology Development Co Ltd has released China-developed and made bitcoin ATMs with a feature list designed to compete with popular existing products.The new machines – the second generation developed by the Beijing-based company – are two-way kiosks, meaning they enable users to buy and sell bitcoins, with multi-currency support and compliance capabilities to comply with regulations in various jurisdictions.BitOcean founder and CEO Xiaoning Nan told CoinDesk the company is involved in discussions with several buyer-operators: "Our major market is Asia now, because in this region we can provide the best tech support for all our customers and partners.But we would like to sell the BitOcean ATM all over the world."BitOcean installed its first machine in the landmark Wangjing Soho office and retail complex in Beijing.

In the next few weeks, the company will organize an event that invites customers to use its ATM alongside those by Robocoin and Lamassu, and compare experiences.The customer screen interface is available in several languages, including Chinese, English and Japanese.wiki bitcoin supplyA video demonstration of the Chinese version is below.cambio bitcoin paypalNan said the new ATMs offer more enhanced safety and functionality over the first generation, which BitOcean showcased at the Global Bitcoin Summit in Beijing in May.bitcoin gh/s wikiThe machines, which the company tested for two months prior to release, offer operators a "bank-level experience" in both hardware and software, he added.ethereum price limit

Improvements include faster processing times – 30 seconds for a withdrawal – and a new multi-function online dashboard for operators."We updated the core part of the bill acceptor and cash box to be the best class of security that can avoid any error in [its] operation, and our manufacturer is a professional supplier of ATMs for banks."ethereum currency wikiThe machines allow for transaction confirmations via email, SMS or telephone, and paper wallet printing.bitcoin foundation budgetOperators can connect to major exchanges via APIs.On the hardware side, the second generation also includes know-your-customer (KYC) and anti-money-laundering (AML) features powered by Jumio, as well as extensible cash boxes holding up to 3,600 bills total.BitOcean will produce customized designs to suit individual customers' needs.BitOcean has priced its machine at $10,000 per unit, placing it mid-way between the popular Lamassu ($5,000) and Robocoin ($15,000) offerings.

There are extra fees for local or international delivery.The free-standing upright machines resemble those of 'regular' bank ATMs in shopping malls and bitcoin ATMs by Robocoin and genesiscoin.They stand 176cm tall and weigh 45kg.Each standard cash box holds 1,200 bills, and one machine can hold three boxes.There is a printer for paper wallets and BitOcean indicated all internal parts are easily accessible for service.Update: The table below, from BitOcean's website, claims to compare features of different bitcoin ATMs available in China.A Lamassu representative noted, however, that the company itself does not charge a license fee in any region.The one that started it all.Our Bitcoin machine remains the best of its class, providing unparalleled user experience and speed.Learn More Our two-way design is the smoothest solution yet.A cash out enabling stand paired with the Douro provides all of the functionality in a compact and inviting package.Learn More A simple and elegant floor stand that perfectly complements your Douro Bitcoin machine.

The San Diego County in South California is now home to its very first 2-way Bitcoin ATM machine.A new 2-way Bitcoin ATM – the first of its kind in San Diego County – was announced today by CoinStructive Inc., a Bitcoin marketplace consultant in partnership with CoinOutlet Inc., a U.S.-based hardware startup-centric to Bitcoin and manufacturer of this 2-Way Bitcoin ATM.CoinOutlet, also a Bitcoin-based startup, manufactures AML/KYC compliant Bitcoin kiosks that adhere to security standards similar to that of a fiat ATM machine.Fundamentally, the 2-way Bitcoin ATM provides a simple and convenient means for new Bitcoin adopters and users to buy and sell bitcoins with cash.Also read: Search everything you need Here’s Where To Find Everything You Need To Know About The Bitcoin ATM Industry Furthermore, this ATM marks the beginning of a collaboration between the two companies that share a common goal of spreading the Bitcoin ecosystem that envisions more businesses and people adopting Bitcoin.

A press release provided to CCN titled the new hardware installation as the “2-Way CoinStructive Bitcoin ATM.” CoinStructive is also headquartered in San Diego, Southern California and focuses on educating businesses about the merits of Bitcoin and other blockchain technologies.The company facilitates in the management, deployment and adoption of Bitcoin for businesses and retailers alike.CoinOutlet CEO Eric Grill noted: This opportunity to collaborate with a team of people dedicated to educating businesses about how bitcoin can be an advantage [speaking about Coinstructive], is our dream.This is how you build a bitcoin ecosystem that benefits millions of people.We are looking forward to rolling out Coinstructive machines across California, and helping bring new merchants on board with bitcoin, in general.The 2-Way Coinstructive Bitcoin ATM will be available during the following hours at 274 N El Camino Real, Encinitas, CA, within the premises of Surf Bros.Teriyaki, a prominent San Diego restaurant and caterer.

Reza Karkouti, owner of Surf Bros.Teriyaki who is having the Bitcoin ATM installed in his restaurant said: Bitcoin might seem intimidating, but this two-way bitcoin ATM makes it a breeze to get started.The CoinStructive machine is as easy to use as a regular ATM, and you don’t even need a software wallet.In explaining how the Bitcoin ATM functions, he added: “Users have the option to print out a simple paper wallet with instructions and private and public keys to their bitcoin.” CoinStructive CEO Chris Groshong revealed that the company will soon be introducing upcoming partnerships with physical businesses in commercial spaces and communities.He stated: Bitcoin is no longer an emerging technology.Early adopters have proven Bitcoin to be a secure, easy way to transfer funds anywhere, without reliance on banks.In adding to his statement, Groshong also touched upon the company’s foray into transferring money to a notoriously impenetrable market and economy like Cuba.